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Tcl technology

The meaning of «tcl technology»

TCL Technology (originally an abbreviation for Telephone Communication Limited) is a Chinese multinational electronics company headquartered in Huizhou, Guangdong Province. Founded as a state-owned enterprise,[2] it designs, develops, manufactures and sells products including television sets, mobile phones, air conditioners, washing machines, refrigerators and small electrical appliances. In 2010, it was the world's 25th-largest consumer electronics producer. Since 2015, it remains the third-largest television manufacturer by market share.[3]

TCL comprises four listed companies: TCL Technology which is listed on the Shenzhen Stock Exchange, and TCL Electronics Holdings, Ltd. (SEHK: 1070), TCL Communication Technology Holdings, Ltd.(former code SEHK: 2618; delisted in 2016), China Display Optoelectronics Technology Holdings Ltd. (SEHK: 334) and Tonly Electronics Holdings Ltd. (SEHK: 1249) which are listed on the Hong Kong Stock Exchange.[4]

TCL's corporate slogan is "The Creative Life".[5]

On 7 February 2020, TCL Corporation changed its name to TCL Technology.[6]

So far, TCL Technology has formed a business structure based on three major sectors: semiconductor display, semiconductor and semiconductor photovoltaic, industrial finance and capital.[7]

The company was founded in 1981 under the brand name TTK as an audio cassette manufacturer.[8] In 1985, after being sued by TDK for intellectual property violation, the company changed its brand name to TCL by taking the initials from Telephone Communication Limited. TCL Technology is one of China's largest enterprise groups of consumer electronics on global scale, which owns five listed companies: TCL Technology Group Corporation (SZSE:000100), TCL Electronics Holdings Limited (HKEX:1070), TCL Communication Technology Holdings Limited (HKEX:2618), China Display Optoelectronics Technology Holdings Limited (HKEX:334) and Tonly Electronics Holdings Limited (HKEX:1249), with major consumer products including color TVs, mobile phones, air conditioners, refrigerators, washing machines, small appliances and more.[citation needed]

In 1999, TCL entered the Vietnamese market.[9]

On 19 September 2002, TCL announced the acquisition of all consumer electronics related assets of the former German company Schneider Rundfunkwerke AG, including the right to use its trademarks as Schneider, Dual, Albona, Joyce and Logix.[10]

In July 2003, TCL chairman Li Dongsheng formally announced a "Dragon and Tiger Plan" to establish two competitive TCL businesses in global markets ("Dragons") and three leading businesses inside China ("Tigers").[11]

In November 2003, TCL and Thomson SA of France announced the creation of a joint venture to produce televisions and DVD players worldwide.[12] TCL took a 67 percent stake in the joint venture, with Thomson SA holding the rest of the shares, and it was agreed that televisions made by TCL-Thomson would be marketed under the TCL brand in Asia and the Thomson and RCA brands in Europe and North America.[12]

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